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The First Bancorp Declares Second Quarter Dividend

1. First Bancorp declares a 37 cents dividend for Q2 2025. 2. Dividend increases by one cent from previous four quarters. 3. This marks the 11th consecutive year of annual dividend increases. 4. Annualized dividend yield stands at 5.99% based on recent share price. 5. CEO emphasizes commitment to shareholder value and company success.

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+0.49%S&P 500
$24.9306/26 04:35 PM EDTEvent Start
$25.3506/27 10:49 PM EDTLatest Updated
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FAQ

Why Bullish?

The consistent dividend increase reflects FNLC's strong financial position and commitment to shareholders. Historically, dividend increases have correlated with positive stock performance for FNLC.

How important is it?

The article directly discusses FNLC's dividend increase, which is crucial for investor sentiment and stock momentum. Short-term supply and demand dynamics will likely react positively to this news.

Why Short Term?

The upcoming dividend payout could attract new investors and boost share price in the weeks prior to payment. A short-term rally often occurs post-dividend announcements.

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- DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 37 cents per share. This second quarter dividend is payable July 18, 2025 to shareholders of record as of July 8, 2025. The quarterly cash dividend of 37 cents per share is an increase of one cent per share from the dividend paid in each of the prior four quarters. "I am pleased to announce that the Board of Directors has authorized a dividend of 37 cents per share for the second quarter of 2025," remarked President & Chief Executive Officer, Tony C. McKim. "The one cent increase in the dividend marks our 11th consecutive year of raising the payout by at least one cent in the second quarter, and is reflective of the Board's ongoing commitment to having shareholders meaningfully participate in the Company's success. Based on a closing price of $24.70 per share on June 25, 2025, the annualized dividend of $1.48 per share represents an attractive yield of 5.99%." The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank. Founded in 1864, the Bank serves Mid-Coast and Down East Maine with eighteen offices in Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties. The Bank provides a full range of consumer and commercial banking products and services. First National Wealth Management, a division of First National Bank, provides investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties. Forward-looking and cautionary statements: except for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission. Category: Dividends More News From The First Bancorp

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